Atria Investments Inc Boosts Stock Position in Exxon Mobil Corporation $XOM

Atria Investments Inc increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,640 shares of the oil and gas company’s stock after purchasing an additional 21,434 shares during the quarter. Atria Investments Inc’s holdings in Exxon Mobil were worth $29,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Savvy Advisors Inc. increased its position in Exxon Mobil by 46.2% during the 2nd quarter. Savvy Advisors Inc. now owns 52,497 shares of the oil and gas company’s stock worth $5,659,000 after purchasing an additional 16,594 shares in the last quarter. Live Oak Private Wealth LLC increased its position in Exxon Mobil by 1.0% during the 2nd quarter. Live Oak Private Wealth LLC now owns 40,731 shares of the oil and gas company’s stock worth $4,391,000 after purchasing an additional 385 shares in the last quarter. Fortune 45 LLC increased its position in Exxon Mobil by 2.4% during the 2nd quarter. Fortune 45 LLC now owns 4,553 shares of the oil and gas company’s stock worth $491,000 after purchasing an additional 108 shares in the last quarter. FRG Family Wealth Advisors LLC increased its position in Exxon Mobil by 4.2% during the 2nd quarter. FRG Family Wealth Advisors LLC now owns 11,545 shares of the oil and gas company’s stock worth $1,245,000 after purchasing an additional 470 shares in the last quarter. Finally, Assetmark Inc. increased its position in Exxon Mobil by 16.2% during the 2nd quarter. Assetmark Inc. now owns 776,240 shares of the oil and gas company’s stock worth $83,679,000 after purchasing an additional 108,291 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.6%

Shares of NYSE:XOM opened at $114.57 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The stock has a market capitalization of $488.45 billion, a P/E ratio of 16.27, a PEG ratio of 2.06 and a beta of 0.51. The stock has a 50-day simple moving average of $113.19 and a 200-day simple moving average of $109.86.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Piper Sandler set a $141.00 price target on Exxon Mobil in a report on Tuesday, October 7th. Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.00.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.